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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (946992)	7/15/2016 9:12:01 AM
From: steve harris	Respond to of 1576348

Too easy to poke holes in that argument. The ground floor caves in on the house of cards when you look back and see there was no crisis, no great recession.... Nothing more than a large uneducated voting block who didn't understand the simple basics of financial management. The pols created a crisis that didn't exist so they could implement their solution. The large uneducated voting block remains in their underwater houses today, continuing to vote for the same pols who failed them..

To: Tenchusatsu who wrote (946992)	7/15/2016 12:44:01 PM
From: combjelly	Read Replies (2) \| Respond to of 1576348

You wouldn't happen to have anything like proof that The Great Bellyflop was not a near death economic experience? This should be amusing...

To: Tenchusatsu who wrote (946992)	7/15/2016 1:01:35 PM
From: i-node	Respond to of 1576348

Bush's action on getting the $700 Billion in TARP money was the most important, the ONLY significant government action, that made any positive difference in the way that period played out economically. The so-called stimulus that followed did NOTHING. As is typical, the Democrats created a problem that left the country's ass in a sling. And the Republicans had to act under emergency conditions to straighten out the mess. That TARP money restored some modicum of confidence in a situation where all confidence was lost. While I wasn't sure at the time whether it was a good idea, looking back there is no question that it was one of the best decisions George W. Bush made during his presidency. One of the problems with allowing us to hit rock bottom is we don't know where the bottom is.